In this article, we will explore three tokens: Cardano, Solana, and Everlodge.
We will look at Cardano’s price analysis and a recent prediction from a popular analyst. Also, we will explore VanEck’s price prediction for Solana. Lastly, the article will talk about Everlodge, a crypto project that has taken over the crypto space due to its link to a trillion-dollar industry.
Everlodge (ELDG) To Revolutionize Real Estate Investment
Everlodge, often called the “Airbnb for Web3,” is an upcoming blockchain marketplace that will revolutionize real estate investment. On the platform, investors will trade real estate assets as NFTs. The platform has utilized blockchain technology and NFTs to simplify the processes involved in real estate investment.
The team has outlined its vision, which is to allow every investor to co-own luxurious properties with small capital. They aim to achieve this by creating co-ownership of properties using NFT fractionalization and co-ownership. Everlodge will divide NFTs representing properties into smaller portions. This means even investors with $100 can buy shares in luxury properties.
As the value of the property goes up, so does the value of their NFT. Property details such as deeds and titles in NFTs will be stored in the metadata of the NFTs. The team is dedicated to sustainability and will lock up their team tokens and liquidity to prevent sudden sell-off post-launch.
Everlodge’s network token, ELDG, is priced at only $0.023 each. Analysts have shared optimism about ELDD, ELDG a jump to $0.40 by 2024. You can get more information on the official Everlodge website or join the community here.
Cardano (ADA): Famous Crypto Analyst Forecasts 10% Drop
Cardano (ADA) recovered in October after a dormant period in the past months. Unfortunately, Cardano news now points to a major correction. According to well-known analyst Ali Martinez, the TD Sequential indicator is showing a signal that suggests it might be time to sell the Cardano coin.
Martinez stated that the Cardano price would drop by at least 10% before it could start moving up again. So, while things have been looking up for the Cardano coin, a correction is hanging on the horizon. Still, Cardano remains a top token in the market, with a market cap of $10.5 billion.
While Cardano crypto was a top performer, it failed to cross the $0.30 mark as it traded at $0.2994. Moreover, the 200-day SMA ($0.305549) has been a major obstacle due to the large number of sellers. Therefore, a 10% price drop is very likely for the price of Cardano before a bullish run.
Solana (SOL) Sees Attention From VanEck
The value of Solana has seen huge gains in Q4 2023, reaching over $32 in October. This has caught the attention of big financial players like VanEck, an asset management company. VanEck has made some predictions about Solana’s price. They have considered different scenarios.
On a bearish note, VanEck predicts Solana’s price to be around $9.81. However, in a more bullish scenario, VanEck’s Solana price prediction pegs the coin at $3,211 by the year 2030. In addition, VanEck’s analysis also suggests that Solana might become a strong competitor to Ethereum in the future.
Currently, data from CoinGecko shows that Solana coin price has increased by 70.9% in the past month. Solana crypto is currently trading at $36.69 on October 31. According to other Solana price predictions, Solana crypto could rise to $47 before the end of 2023.
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